George Dy
Product Designer & Blockchain Fanatic

How I Started

 
 
Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme.
— Naval Ravikant (@naval) June 22, 2017
 
 
 

What the Hell is this, george?

Ok, let me explain why I have a page entirely dedicated to Bitcoin on my website.

I was late to the game. I first started becoming interested in Bitcoin and the underlying concept of the blockchain around the end of 2013. In fact, this Medium article from Nik Custodio was the first article that I actual sat down to read.

It took the full 6 min that Medium suggested, and then some. As a self-taught designer, I had only dabbled in engineering. Actually, I wouldn't call it that. That's too dignified - let's say coding. I knew my way around HTML and CSS, and just enough JS (mostly jquery, don't kill me) πŸ€ͺ, but I really only attempted to learn for education and so that I could better manage a team.

So reading this article and understanding the implications of "the blockchain" and the concept of "Bitcoin" was astounding, but still far reaching for me. It hadn't yet clicked with me what this would mean for the world of finance, regulation, technology, or anything else it happens to be disrupting. I just thought it was internet money πŸ€”. 

Fast forward a few years, I didn't pay much attention to Bitcoin. During that period of time, companies like Coinbase and Gemini were starting to gain traction as larger crypto communities were coming out of in their nascency. However, even then the concept of the Bitcoin continued to get lost on most (myself included), with exception of a mostly engineer audience. Today, you'll find that most of the 'OGs' in the space are/were engineers πŸ‘¨β€πŸ’» and many are still engineers working on protocols or starting foundations.

It was not until early 2017 that I made my first transaction. I figured, the best way to immerse myself in the community and force myself to pay attention was to put some skin in the game. So I bought $500 USD worth of Bitcoin, which was roughly .5 BTC and the rest was history 😬.

Now, after only 1 year, I've seen extreme bull runs and bear runs. I've seen the altcoin Tronix $TRX fluctuate from $.02 to $.20 πŸ“ˆ and then back to $.04 πŸ“‰ and experienced the standard rollercoaster🎒 of emotions that come with such a volatile market.

But as an investor, I did paid more attention - I mean, the thought circulated around my head "is this just fake internet money, is it all a scam, will it go to $0?" I heard it all before, so I researched on my own. I read whitepapers, joined subreddits, Telegram & Discord communities (sometimes inadvisable), and participated in crypto-Twitter.

As a result, I became a HODLer.

My research taught me about the concepts of decentralization underpinning the technology itself, and why the concept of the blockchain and Bitcoin system would change the world - starting with money as it's first core application πŸ™‡β€β™‚οΈ.

If you walk away with anything from this, let it be this: Bitcoin is a network of money, uncontrolled by central banks, where governments and border regulation are inconsequential, and the exchange of currency is purely between two individuals, verified and validated by people (miners), who are incentivized to do so to earn some for themselves, thus enabling an active, decentralized financial ledger. It's a brilliant design. So simple, so incredibly free πŸ‘.